Binance Mining Pool Hashrate Drops 65% Ahead of Service Shutdown
Summary
- Binance Mining Pool's hashrate fell from about 26 EH/s in December last year to about 9.2 EH/s in October, a decline of about 65%, according to the report.
- Binance Mining Pool mined just one of the roughly 925 Bitcoin blocks generated over the past week, leaving it with a share of about 0.11%, the report said.
- Binance Mining Pool mined no new blocks over the past 24 hours ahead of its service shutdown at 3 p.m. UTC+8 on November 10.
Forecast Trend Report by Period
Binance's Bitcoin mining pool has seen its hashrate fall about 65% from the end of last year ahead of the service's shutdown.
Crypto outlet Odaily reported on November 9 that Binance Mining Pool's hashrate declined to about 9.2 EH/s in October from about 26 EH/s in December last year.
Its recent mining output has also dropped sharply. Binance Mining Pool mined just one of the roughly 925 Bitcoin blocks generated over the past week, giving it a market share of about 0.11%.
It mined no new blocks over the past 24 hours. The pool last successfully mined a block at 9:15 a.m. UTC+8 on November 6, when the block height was 974,743.
Binance Mining Pool is set to shut down the service at 3 p.m. UTC+8 on November 10.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.